Felix The Sells 11,719 Shares of Unity Software Inc. (NYSE:U) Stock

Unity Software Inc. (NYSE:U) SVP Felix The sold 11,719 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $24.39, for a total transaction of $285,826.41. Following the completion of the sale, the senior vice president now owns 411,960 shares of the company’s stock, valued at approximately $10,047,704.40. This represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Felix The also recently made the following trade(s):

• On Thursday, September 12th, Felix The sold 30,000 shares of Unity Software stock. The stock was sold at an average price of $17.89, for a total transaction of $536,700.00.

Unity Software Stock Performance

NYSE:U traded up $0.48 during mid-day trading on Monday, reaching $24.01. 17,071,672 shares of the company’s stock were exchanged, compared to its average volume of 10,615,024. The business’s fifty day simple moving average is $21.06 and its two-hundred day simple moving average is $18.59. Unity Software Inc. has a one year low of $13.90 and a one year high of $43.54. The firm has a market capitalization of $9.67 billion, a PE ratio of -11.77 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.41 and a current ratio of 2.41.

Institutional Investors Weigh In On Unity Software

Several institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Unity Software by 343.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. Planning Capital Management Corp acquired a new stake in Unity Software during the third quarter worth about $34,000. Northwestern Mutual Wealth Management Co. increased its holdings in Unity Software by 163.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,241 shares of the company’s stock valued at $36,000 after buying an additional 1,389 shares during the period. Brooklyn Investment Group bought a new position in Unity Software in the third quarter valued at approximately $43,000. Finally, Blue Trust Inc. raised its position in Unity Software by 308.8% during the second quarter. Blue Trust Inc. now owns 3,123 shares of the company’s stock valued at $51,000 after purchasing an additional 2,359 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

U has been the subject of a number of research reports. Needham & Company LLC increased their target price on Unity Software from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Morgan Stanley upgraded Unity Software from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a report on Tuesday, September 3rd. Piper Sandler reissued a “neutral” rating and issued a $17.00 price objective (down previously from $25.00) on shares of Unity Software in a research report on Friday, August 9th. Stifel Nicolaus boosted their price target on Unity Software from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Finally, Benchmark raised their price objective on Unity Software from $10.00 to $15.00 and gave the company a “sell” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Unity Software currently has an average rating of “Hold” and an average price target of $23.35.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.